“Until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for [financial market players] to allocate capital,” Duncan Trenholme, co-head of digital assets at TP ICAP Group, said in a statement. “Over time, we believe blockchain will lead to the tokenization of traditional asset classes.” Source
DoorDash CEO acknowledged that they were not rigorous in managing team growth. The company has also announced severance benefits to all the departing employees. On Wednesday, November 30, the food delivery platform DoorDash announced its plans to lay off 1,250 employees to rein in its operational costs. The development comes amid concerns about a global economic slowdown. With this, DoorDash joined other American multinational companies in laying off employees. The current macro scenario of rising inflation and rising interest rates has put pressure on the company’s operations. In a message…
Bitcoin’s price needs to trade above its 21-week moving average to confirm a bottom, one trader said. Original
The EU has asked Elon Musk’s Twitter to adhere to a list of rules for content moderation. Musk has assured that he would comply with the requirements. The European Union has recently threatened Elon Musk’s social media company Twitter with a ban unless it abides by the content moderation rules of the region. On Wednesday, the Financial Times reported that the EU has picked up a new battle with Twitter. During a video meeting with Elon Musk on Wednesday, November 30, the EU industry chief Thierry Breton made the threat,…
As 2022 is wrapping, Coinspeaker presents the plausible expectation for Bitcoin price in 2023 in this exclusive Advent Calendar series. Dear Readers, as the year is coming to an end, we believe it will be insightful to help you prepare for the coming year. The cryptocurrency ecosystem, particularly Bitcoin (BTC), saw very impressive growth in the 2021 Calendar. The digital currency’s growth pace was not sustained in 2022 by reasons of the various headwinds the ecosystem faced. The gloomy and bearish outlook of the cryptocurrency ecosystem this year has given…
CryptoX – Cryptocurrency Analysis and News Portal “We can’t simply say, ‘Well anyone can take whatever [energy] they want to take and we’ll simply build dams’,” Finance Minister Cameron Friesen, the minister responsible for the province’s utility Manitoba Hydro, said on Monday, according to reports by CBC and CTV News Winnipeg. Source The post Canada’s Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining: Reports appeared first on CryptoX. CryptoX Portal
The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU) has presented a draft concept for its future central bank digital currency (CBDC) to representatives of banks, other financial institutions and participants in the crypto market. The regulator seeks feedback on the possible issuance of…
“We can’t simply say, ‘Well anyone can take whatever [energy] they want to take and we’ll simply build dams’,” Finance Minister Cameron Friesen, the minister responsible for the province’s utility Manitoba Hydro, said on Monday, according to reports by CBC and CTV News Winnipeg. Source
Polygon (MATIC) posted the highest 24-hour gains today and surpassed Bitcoin and Ethereum in that department as the altcoin mounts a bounce back following the crashing effects of the FTX implosion. MATIC is nursing a 12% intraday increase The crypto has breached the $0.90 barrier and pushed its market cap to over $8 billion Polygon NFT sales up by 191% According to latest tracking from Coingecko, the cryptocurrency is changing hands at $0.94, registering an increase of 12% in its intraday performance. Over the last seven days, MATIC has pumped…
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of Manitoba is halting new connections of crypto mining centers to the province’s hydroelectric grid, the Canadian press reported. Officials explain the move with the potential for increasing energy demand that the region may not be…